Leadership Lynda Andrews Ms. Andrews has been in the mortgage banking business since 1970, and prior to joining FLIS, was the licensed Vice President of both Fireman’s Fund Mortgage Corporation’s insurance agencies. One agency was designed for mortgage-related optional insurance; the other sold property coverage, including homeowners, flood and fire policies. She has a firm understanding of investor requirements concerning hazard and flood insurance and has gained a sincere appreciation of the impact on loan servicing relative to the sale of these products. She is a consummate professional who continues to develop programs and offer products and services that reduce overhead, financial exposure and risk while meeting mortgage obligations. Lynda’s systems expertise and industry savvy has provided her with the ability to design proprietary REO systems that interface with CPI and other “homegrown” software and she has written and presented numerous training programs for Customer Service Representatives to enhance their understanding of basic insurance products. In July of 2007 First Line was purchased in part by Ms. Andrews who as co-owner and officer continues to guide the independent agency in extending customized products to the mortgage banking industry. Carl Herrmann, Jr. Carl Herrmann, Jr. founded Insureco, Inc. in 1969, and formulated a unique insurance concept now called Collateral Protection Insurance (CPI) that was specifically designed for auto finance lenders and its borrowers. Auto insurance protection had never been so automated until Mr. Herrmann introduced Track I, an automated auto insurance tracking system, to complement CPI. Consequently for years, Track 1 and CPI became the only total insurance solution that auto finance lenders depend on to protect their collateral interest while providing coverage for their borrowers. In early 1980’s, Mr. Herrmann developed and introduced “RealTrack”, an automated property insurance tracking system that included impound account management services. Just like Track 1, RealTrack became popular in the mortgage industry resulting in the evolution of various automated impound or escrow accounts that are now offered by various companies in the mortgage servicing industry. In 1984, Mr. Herrmann sold Insureco, Inc. to Transamerica Insurance Group but continued to manage the business for five years while serving as President of Transamerica Financial Systems and Concepts. When Mr. Herrmann’s management contract with Transamerica expired in 1989, he purchased WNC Insurance Services, Inc. (WNC). On December 28, 2001, the d/b/a, WNCFirst Insurance Services was approved for use by the California Department of Insurance. At WNCFirst, Mr. Herrmann has once again engaged his corporate mission, believing with conviction that his employees are the ones that bring success to the company. Carl Herrmann III Carl Herrmann III is best known by his accomplishments. While still in college, Carl worked at Insureco, Inc., as a data processing operator. In the early ‘80s he became an auto appraiser. But Carl’s real talent became apparent when his sales and management career started. Today, in his role as Executive Vice-President, Carl is responsible for claims management, underwriting and voluntary products for WNC First. In recent years, he has successfully negotiated major contracts that have generated more than $60 million in premiums. With more than 20 years of experience in the insurance industry, Mr. Herrmann offers substantial experience in product sales, product development, and marketing strategies. Before joining the Company in 1991, he developed and managed the Lease Track System at Insureco Insurance Services and Field Services and Research and Development at Transamerica Financial Systems. He has also held executive positions in sales, account services, and research and development.